Woori Bank and KODIT to Provide 230 Billion Won Support for Advanced Strategic Industries

As Part of the Woori Financial Future Co-Growth Project
Higher Guarantee Ratios and Reduced Guarantee Fees for Eligible Companies

Woori Bank announced on the 13th that it has signed a financial support agreement with the Korea Credit Guarantee Fund (KODIT) to expand productive finance in the advanced strategic industries sector.

Through this agreement, Woori Bank plans to provide funding, together with KODIT, to small and medium-sized enterprises whose growth potential is declining, amid rising external economic uncertainties such as changes in the trade environment and geopolitical risks.

Under the agreement, Woori Bank will make a special contribution of 6 billion won to the Korea Credit Guarantee Fund and supply approximately 230 billion won in loans. In addition, the bank will offer benefits such as an increase in the guarantee ratio (from 85% to 100%) and a reduction in guarantee fees (by 0.5 percentage points) to companies in new growth engine industries, venture companies, and companies engaged in exports and overseas expansion, thereby actively fostering the advanced strategic industries sector.

Jung Jinwan, President of Woori Bank, stated, "As part of the 80 trillion won 'Woori Financial Future Co-Growth Project' aimed at transitioning to productive finance and expanding inclusive finance, Woori Bank seeks to support small and medium-sized enterprises in the advanced strategic industries sector through the K-Tech program in cooperation with KODIT. We hope this collaboration will be of great help to small and medium-sized enterprises struggling to secure liquidity."

This content was produced with the assistance of AI translation services.